Almost five years since the tragic events outside the gates of its Marikana operation that saw 34 mineworkers lose their lives in a strike over wages, Lonmin finds its future on the edge once more.L Over the past week, its shares have lost more than a quarter of their value as the company struggles under the weight of a stubbornly low metal price and a stronger rand, which is eroding profitability. The mining house, which has had three rights issues over the past decade, is running out of options and may have to return with another rights issue. On the prospect of another round of restructuring and asking shareholders to shore up the company, Ben Magara, who took over as CEO in 2012, said: "You can never say never because the market conditions tell you what to do and right now the price is telling us that the market is oversupplied."It's getting tougher to cut costs because we have done all the low-hanging fruits, we have done all the capex reductions and we have done a big restruct...
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